France undershoots budget deficit target

3rd January 2007, Comments 0 comments

PARIS, Jan 3, 2007 (AFP) - France's budget deficit for 2006 was significantly smaller than official forecasts had predicted thanks to higher tax revenues, junior budget minister Jean-Francois Cope said on Wednesday.

PARIS, Jan 3, 2007 (AFP) - France's budget deficit for 2006 was significantly smaller than official forecasts had predicted thanks to higher tax revenues, junior budget minister Jean-Francois Cope said on Wednesday.

The deficit is now estimated at 38 to 39 billion euros (....), and certainly "below 40 billion", he told France 2 state television, adding it was a little early to give precise figures.

France's state budget plan for 2006 had initially targeted a 46.9 billion-euro shortfall, which was revised to 42.4 billion in a supplementary budget approved by parliament in December.

Tax revenues were set to overshoot initial targets to the tune of 5.1 billion euros in 2006, the budget ministry had said in November.

Copyright AFP

Subject: French news

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